Gates Industrial Corporation plc (GTES) concluded trading on Thursday at a closing price of $23.22, with 6.2 million shares of worth about $143.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.80% during that period and on February 06, 2025 the price saw a gain of about 11.80%. Currently the company’s common shares owned by public are about 254.70M shares, out of which, 243.25M shares are available for trading.
Stock saw a price change of 11.53% in past 5 days and over the past one month there was a price change of 11.58%. Year-to-date (YTD), GTES shares are showing a performance of 12.88% which increased to 76.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.40 but also hit the highest price of $23.34 during that period. The average intraday trading volume for Gates Industrial Corporation plc shares is 2.42 million. The stock is currently trading 12.99% above its 20-day simple moving average (SMA20), while that difference is up 9.83% for SMA50 and it goes to 26.14% higher than SMA200.
Gates Industrial Corporation plc (NYSE: GTES) currently have 254.70M outstanding shares and institutions hold larger chunk of about 101.25% of that.
The stock has a current market capitalization of $5.91B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 27.89, while it has posted earnings per share of $0.83 in the same period. Its PEG reads 2.30 and has Quick Ratio of 2.11 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GTES, volatility over the week remained 4.15% while standing at 2.90% over the month.
Stock’s fiscal year EPS is expected to rise by 8.23% while it is estimated to increase by 16.29% in next year. EPS is likely to grow at an annualized rate of 12.14% for next 5-years, compared to annual growth of 0.10% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on December 05, 2024 offering an Overweight rating for the stock and assigned a target price range of between $21 and $25 to it. Coverage by Morgan Stanley stated Gates Industrial Corporation plc (GTES) stock as an Equal-weight in their note to investors on September 06, 2024, suggesting a price target of $19 for the stock. On August 19, 2024, RBC Capital Mkts Upgrade their recommendations, while on March 08, 2024, Wolfe Research Upgrade their ratings for the stock with a price target of $20. Stock get a Buy rating from Jefferies on February 29, 2024.
